Profile avatar
jasonfurman.bsky.social
Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow PIIE. Was Chair of President Obama's CEA.
413 posts 17,817 followers 223 following
Getting Started
Active Commenter
Posts 5 Comments 45

I thought I was done with real infrastructure spending but CBO just released new data this afternoon (1st time in years) & it confirms what is also shown by Census/DOT, BEA & OMB--real public investment fell from 2019 to 2023. (Exception is rail which is volatile & 1% of total.)

submitted 14 hours ago • 1 comment

I got a question about other types of infrastructure. Real federal, state and local investment in structures was down 14% from 2019 to 2023 according to BEA data. It was down in every category except health care. The thread below focuses on the highways and streets category.

submitted 18 hours ago • 2 comments

GDP growth in Q4 was revised from 2.3% to 2.3%. So instead of posting a new thread I'll just link to last month's thread (even if some components changed). Note, inflation was revised up a bit. bsky.app/profile/jaso...

submitted 23 hours ago • 1 comment

Real highway investment is likely down since the enactment of the Bipartisan Infrastructure Law in November 2021. Best guess is down by 10% or more but possible is down by less or even flat. This🧵shows my preferred measure (the standard one experts use) & two alternatives.

submitted 1 day ago • 3 comments

A break from the Trump 2 content for a much wonkier thread: discussion from Jason, @pdriessentax.bsky.social, and I on US-EU unemployment differences after Covid and the limits of what we can learn from them. Looking forward to econ Bluesky getting back to its roots with discussions like these!

submitted 2 days ago • 0 comments